Merit Financial Group LLC Sells 471 Shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Merit Financial Group LLC decreased its stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,032 shares of the financial services provider’s stock after selling 471 shares during the quarter. Merit Financial Group LLC owned about 0.17% of Penns Woods Bancorp worth $396,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of PWOD. Cubist Systematic Strategies LLC bought a new position in Penns Woods Bancorp in the 2nd quarter valued at $39,000. JPMorgan Chase & Co. lifted its stake in Penns Woods Bancorp by 471.9% in the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 6,337 shares during the period. Hsbc Holdings PLC purchased a new stake in Penns Woods Bancorp in the second quarter worth about $205,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Penns Woods Bancorp during the 2nd quarter valued at about $223,000. Finally, Barclays PLC raised its holdings in shares of Penns Woods Bancorp by 19.2% in the 3rd quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 2,398 shares in the last quarter. 27.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Penns Woods Bancorp in a report on Monday, January 20th. They set a “hold” rating for the company.

Penns Woods Bancorp Stock Up 0.1 %

Shares of Penns Woods Bancorp stock opened at $30.99 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a market cap of $233.79 million, a P/E ratio of 11.74 and a beta of 0.48. The firm’s 50 day moving average price is $31.21 and its 200-day moving average price is $26.31. Penns Woods Bancorp, Inc. has a 52-week low of $17.01 and a 52-week high of $34.56.

Penns Woods Bancorp (NASDAQ:PWOD) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter. The business had revenue of $30.61 million for the quarter. Penns Woods Bancorp had a return on equity of 9.95% and a net margin of 16.79%.

Penns Woods Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Tuesday, December 10th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Tuesday, December 10th. Penns Woods Bancorp’s dividend payout ratio (DPR) is presently 48.48%.

About Penns Woods Bancorp

Penns Woods Bancorp, Inc operates as the bank holding company for Jersey Shore State Bank, which provides commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations. It accepts time, demand, and savings deposits, including super NOW accounts, statement savings accounts, money market accounts, and certificates of deposit, as well as checking and individual retirement account (IRAs) accounts.